Topic: Difference between Bitcoin and real money? - page 41. (Read 114886 times)
Very well explained! I'd like to add that Bitcoin can't run without internet since it's the internet's currency. On the other hand, we have physical cash. Once good thing about Bitcoin is that it's not bound by a certain single country since everyone on the internet can be its users.
There isn't much on their distinction on the grounds that BTC is another type of cash and it is virtual and fiat or genuine cash is simply physical. They can both enable us in having money related opportunity on the off chance that we to know how to deal with those two and on the off chance that you are sufficiently shrewd on the most proficient method to utilize it then you can produce a considerable measure of salary from it.
I think the difference of bitcoin and real money is that bitcoin is a business and a job and it is where we ca earn money which is the real money.
We can use bitcoin here in digital wolrd though we can exchange it into our currency. We can use bitcoin here if we have transaction in online. I guess there are things or website who accept bitcoin as a payment and thats quite a good thing and bitcoin is decentralized. While the real money is cotrol but the government and we can use that in a real world market.
From what you say it emerges that you have no idea whatsoever what Bitcoin actually is, and the only thing which attracts you is your greed for money. My suggestion is to spend some time studying and making a research on what Bitcoin is, before eventually deciding to invest your money.
Now, if you want to gamble with USD, you buy the USD using your full identity in payment tools, such as bank, credit card, or others.
But if you want to gamble with bitcoin, you just have to buy it, they dont need your identity. Yes, you can gain the 'anonymous mode' if you use bitcoin or other crypto.
That is the main thing that i want to tell you, one of the features in bitcoin or other cryptos : Anonymousness.
But if you want to gamble with bitcoin, you just have to buy it, they dont need your identity. Yes, you can gain the 'anonymous mode' if you use bitcoin or other crypto.
That is the main thing that i want to tell you, one of the features in bitcoin or other cryptos : Anonymousness.
Bitcoin is safe. .. Governments can block funds in banks when a financial crisis appears. I don't trust banks for my own money. Also fiat currency keeps losing its real value. Inflation is a hidden form of tax I pay while I hold fiat currency. Saving accounts may compensate my loss from inflation by paying me interest but my checking accounts in banks or my pocket money is subject to inflation. In the end, earning interest rarely protects my money from inflation. However it's not really safe to hold funds in saving accounts when a financial crisis appears and nobody can know when a financial crisis appears. When compare pros and cons, Bitcoin is better than fiat. Bitcoin is not a national currency of a country. It can not be affected by financial crisis..
Money is not as quickly multiplied as bitcoin)
Bitcoin is virtual money while the other one is real. We cant touch bitcoin we cant crumple it like the real money. The rate of bitcoin will flactuate easily while the rate of the real one may take years to accelerate.
The difference between bitcoin and real money is that one is a virtual currency, one currency for offline transactions.
the comparison is quite far from each other. The other one is virtual currency that is correct but real money being a currency for offline transaction is off the hook since real money can also be sent online. The difference I like about bitcoin and the real money is that bitcoin is volatile, it's price changes every minute and real money is quite stable.
One of the main differences of using Bitcoins for transactions is that there are no middlemen involved. You don’t have to deal with banks with btc.
Bitcoins is a digital currencies, which mean they can only exist online they can perform tasks online like real money does such as giving you a purchasing power.
Bitcoin is invisible currency, you can use online only.Real money is hard currency, you can use anywhere anytime.
I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
In my opinion, bitcoin is a bridge between cryptocurrency and real money, so when bitcoin falls, the entire cryptocurrency market may collapse. If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
The difference between bitcoin and real money is that bitcoin's value is dynamic. Unlike real money it's value changes slightly. And the value of bitcoin is way bigger than the real money itself.
Bitcoins can be used in online payments
Difference? Bitcoin is a digital and peer to peer transactions means that bitcoin can use to pay some of our borrowed money that doesn’t even need to commute or ride in car, but in the real money it needs right? I know that there’s some way paying it also in real money that doesn’t need to ride a car also. However, bitcoin blockchain is more usefull at all hehe
Both of them are money, but then, the real money is physical, meaning you can hold it. you can see it and you can use it whenever you want while the bitcoin is just an asset and electronic money. Some countries didn't use bitcoin as there currency. So in order for you to use bitcoin, you need to exchange it on banks in order for the bitcoin become your country's money.
First, Bitcoin is digital and money is physical. Second, Bitcoin can be sent/received online (anywhere, anytime) while money can be sent and received by meetups or using bank. Lastly, Bitcoin is not controlled by the government.
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First, bitcoin is a virtual currency meaning its intangible unlike fiat money that is tangible. Second is you can send and receive money to others without the help of payments unlike fiat money that you need a third party in order to send and receive.
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